Tesla Inc (TSLA) to Stop Selling Cheapest Model S

The Model S 60 and 60D are now Tesla's most affordable - or least expensive - electric vehicles with a price tag of $85,200 for a new inventory.

M - Tesla is discontinuing its cheapest versions of the Model S luxury sedan, the rear-wheel-drive 60 and all-wheel-drive 60D with the 60-kilowatt-hour battery pack. The Palo Alto auto manufacturer decided that it was time to kill its entry-level Model S, dubbed the 60 and 60D. "To simplify the ordering process for our customers, we will be removing the 60 kWh option from our lineup", as revealed by The Verge.

It looks like Tesla is determined to show the slow-selling Model S 60 and 60D the door. These versions of the Model S come with a 75 kWh battery that is limited to 60 kWh by software restrictions.

Another possible reason for the move is because of the upcoming Model 3, which Tesla is marketing as the company's most affordable electric vehicle (that will be) in production.

The discontinuation of the two 60 cars means the starting price of the Model S will rise from £65,300 to £71,800 next month, and the amount of choice will drop from seven battery pack/powertrain combinations to five. This decision comes as TSLA prepares to launch its next electric vehicle, the Model 3.